Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan, Toronto, has plans for the C$242 billion ($189 billion) fund to buy more controlling stakes in businesses directly, so that it can save on fees and keep a closer eye on environmental, social and governance matters. For more information, please visit www.aresmgmt.com. Where the core of it, what we really focus on, is making sure we have deep sector knowledge, Frank said. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. We dont just invest to make a return; we invest to make a mark. Serving customers since 1902, TricorBraun has grown to $1.5 billion in annual sales, with more than 1,100 team members in 50 locations throughout North America, Europe, and Asia. For the best experience on our site, be sure to turn on Javascript in your browser. Ontario Teachers' Pension Plan Board - OTPPB: An organization that oversees the pension plan for public school teachers in Ontario, Canada. We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. Notable deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and 30% of insurance broker Siaci Saint Honore. Busy Bees is the largest childcare provider in the U.K.. All Liked by Saad Khan. One of the advantages of being in a control position is that you can actually have a consistent view of how we interact with the businesses, he said. Peloton has ties to Ontario Teachers': two of its founders, Mike Murray and Faraone, were managing directors at the pension fund before they struck out on their own to start the private equity . We are able to back firms without the pressure to fundraise or exit positions, allowing us to invest for the right time frame for our investments to grow and realize their strategic goals. The store will not work correctly in the case when cookies are disabled. On the one hand, its funded ratio has decreased to 95 per cent, down from 97 per cent a year earlier, after it increased pension payments of its retired members by six per cent to reflect the higher cost of living. We are thrilled to have the opportunity to partner with TricorBraun through its next chapter., We are proud of our work with Keith, Court, and the TricorBraun management team to help drive growth through a number of successful initiatives, creating significant long-term value, said Tom Pryma, Partner, AEA. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com Ontario Teachers returns 11.1% for 2021, led by private equity investments. The British Columbia governments new budget will spend more as the economy shrinks. The pension system was in the thick of last year's vigorous PE dealmaking, investing or committing about $7.8bn globally, roughly 2x its outlay in 2020 and 2019. Hutcheson said the funds real estate assets (which generate a stream of rental income and tend to steadily increase in value) are also a good hedge against inflation. Ontario Teachers' Pension Plan Overview Work Here? Already a premium subscriber? 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Significant scale with 247.2 in net assets Funding ratio of 105.99 Investing for 336000 working and retired teachers The Ontario Teachers' Pension Plan Board ( French: Rgime de retraite des enseignantes et des enseignants de l'Ontario) [5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Why? When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. Ontario Teachers' Pension Plan, known widely as a top private equity investor, is perhaps underestimated in its foremost role as a buyer and seller of companies. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . And while OMERS missed out on a boom in tech stocks in 2020 (contributing to a $3 billion loss that year), Hutcheson said Monday, We try not to get distracted by short-term fads or shiny objects., Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. OTPP has put these topics high on the agenda when dealing directly with companies, according to Taylor. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. TricorBraun operates from 50 locations globally. For the best experience on our site, be sure to turn on Javascript in your browser. Logoplaste offers unique expertise across all phases of packaging development and is used by a wide range of global blue-chip clients. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. Ontario Teachers' Pension Plan. For more information, visit otpp.com and follow us on Twitter @OtppInfo. Teachers' is an independent organization headquartered in Toronto. By going direct, instead of via a fund managed by a buyout firm, Mr. Taylor said OTPP is also able to save on the "significant" fees that exist in an industry known for rewarding itself generously. In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. The Ontario Teachers Pension Plan investments returned 11.1 per cent in 2021, with its result driven by the strong performance of its private equity portfolio. Thats quite hard to do when you have 5 per cent to 10 per cent in somebody elses private equity deal.. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. "Hopefully there's enough return in our real assets and inflation hedge portfolio to compensate for potential losses elsewhere," said Chief Investment Officer Ziad Hindo. The Ontario Teachers also invested or committed an additional $5 billion last year into green or transition assets, as part of its pledge to achieve net zero on its investment activities by 2050. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. Posted 5:35:34 PM. Jo Taylor, chief executive officer of Ontario Teachers Pension Plan Board, has plans for the $242 billion (US$189 billion) fund to buy more controlling stakes in businesses directly, so that it can save on fees and keep a closer eye on environmental, social and governance matters. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. Taylor said returns for 2022 may not hit last years levels in a more challenging economic environment of rising inflation, rates and market selloffs. This agility was on display over the past few months. More . Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. I think its always slightly egocentric, he said. I think being agile and challenging ourselves is the way we get through this, she said. "We live in a world where we collude and we compete with others and that's quite a hard thing to pull off," Mr. Taylor said. it's been delivered there. Ontario Teachers' Pension Plan Fund is a buyout fund managed by Ontario Teachers' Pension Plan. here to register, Not for publication, email or dissemination, PE-backed NSL taps Herderick as science and tech development VP, Flexpoint Ford-backed Clearstead buys wealth management firm Avalon Trust, Tennis champion/entrepreneur Venus Williams joins Topspin as operating partner, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names, PE pioneer Thomas H. Lee passes away; ArcLights Great River Hydro exit plus evolution of infrastructure investments, DCP Capital to buy stake in Chinese business of Jamieson Wellness. TricorBraun Jennifer Frighetto847-702-5304jfrighetto@tricorbraun.com, Ares Management Corporation Brunswick GroupAlex Yankus, 212-333-3810Ares@brunswickgroup.comOrAres Management CorporationCarl Drake, 800-340-6597cdrake@aresmgmt.com, Ontario Teachers Pension Plan BoardDan Madge416-730-6451media@otpp.com. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. "We have come out with very clear climate reduction targets," he said. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. Equity investments generally range from $100 million to $1 billion and target well-managed companies in industries with positive secular tailwinds across North America, Western Europe, China, India and Australia. New York, NY 10017-4036, Chicago Office Another space of increasing interestis tech adoption. Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. To order copies of National Bank of Canada reported a first-quarter profit of $881 million, down from $930 million in the first quarter of 2022, as its provisions for credit losses ticked up. TORONTO, [Wednesday, September 22, 2021] /CNW/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") announced today that it has entered into an agreement to acquire HomeQ Corporation ("HomeQ"), the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. ("Birch Hill") and the other minority shareholders of HomeQ. Teachers rode big gains in private equity and infrastructure to post an 11.1-per-cent return for 2021, topping its benchmark comparison portfolio by more than two percentage points. Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. We dont have a traditional fund and the fund doesnt have a term, she said. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. Not the case? Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate and Strategic Initiatives. Im super passionate about innovation, Frank said, investing in companies that undertake digitization or using digital capabilities to invest across a range of businesses., A priority, she added, will be digital disruption of traditional sectors in which Ontario Teachers is active, such as insurance. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. 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